The Wall Street Journal has a great article on the NBA’s stock market that includes a big piece on the New Orleans Pelicans.
Here’s a summary of what’s happening on the stock market: -NBA stocks rose by 6% this year -Basketball stocks are up by about 6% as of Friday morning, according to FactSet data.
-Battlegrounds stock is up about 4% as we speak.
The Pelicans and Oklahoma City Thunder are trading up more than 20%, while Golden State Warriors are up nearly 20%.
-A total of 15,000 companies have traded in the S&P 500 and ETFs this year, which are up more in the last week than in all of 2015, according the SEC.
-The S&s downgraded its forecast for next year to from a negative to a neutral outlook, saying that “we believe that the current pace of expansion will continue into 2020.”
“The Sustainability Report, which is an annual report that looks at the financial health of large U.S. companies, was recently released and found that the companies in question are on a steady upward trajectory,” the Wall Street journal reported.
“We believe that we are well positioned to remain at or near the top of the Sustainabilities list for the foreseeable future.”
The New Orleans Saints, the reigning NBA champions, were up about 10% Friday morning as of 9:05 a.m.
ET, while the Oklahoma City Cowboys were up 8%.
The Atlanta Falcons were up 9%.
The Houston Texans and Dallas Cowboys were down about 10%.
The Oakland Raiders were down 10%.
Basketball is up around 10%.
The New York Knicks, Philadelphia 76ers and the Minnesota Timberwolves are up about 8%.
The Chicago Bulls are up 5%.
The Los Angeles Lakers are up 7%.
The Atlanta Hawks are up 3%.
The San Antonio Spurs are up 6%.
The Denver Nuggets are up 4%.
The Philadelphia 76er are up 1%.
The Detroit Pistons are up 8%The Chicago Bucks are up 12%.
The Oklahoma City Wizards are up 14%.
The Dallas Mavericks are up 9%The Detroit Bucks are down 12%.
A total 13,829 companies have registered on the SETFs this week.